There are factors outside of the control of all
travellers; such as an airline or travel agent going bust, which can ruin even
the best-planned holiday.
LV= has launched a premier travel insurance that
covers travellers for costs incurred by factors outside their control. Not only
are holidaymakers covered for any money paid to an end supplier such as an
airline or hotel, which then goes bust but they are also covered for additional
or lost costs incurred as a result of this up. As well as covering delays in
the UK, the new product also covers costs incurred by travellers delayed after
they have left the UK and subsequently miss onward connections or have to
abandon their holiday. This is ideal for those on multi-destination holidays
and is often excluded from standard travel insurance policies.